HUD lender profile
Highland Commercial Mortgage, LLC: HUD multifamily lending record
HUD insured 26 multifamily loans with Highland Commercial Mortgage as lender in FY2022-FY2026, for $687 million and 4,815 units. That is 1.1% of all HUD multifamily dollars in those years and #25 among lenders.
- HUD files it as HIGHLAND COMMERCIAL MORTGAGE LLC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 9 HUD loans for $302 million, up 199% from FY2025 and ranking #16 among HUD multifamily lenders that year.
NC/SR was its largest program at 84% of five-year dollars, followed by 223(f) at 15%.
It lent in 6 states; Louisiana was the largest at 24% of dollars.
Its median loan was $15.4 million, close to the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 95 days (6 loans), against 87 days for all lenders.
9 of its 26 loans (35%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 9 | $302M | 3 | 6 | #16 | |
| FY2025 | 4 | $101M | 0 | 4 | #26 | |
| FY2024 | 4 | $120M | 0 | 4 | #18 | |
| FY2023 | 4 | $80.6M | 1 | 3 | #26 | |
| FY2022 | 5 | $83.2M | 2 | 2 | #37 | |
| FY2021 | 17 | $264M | 4 | 6 | #26 | |
| FY2020 | 12 | $226M | 0 | 7 | #20 | |
| FY2019 | 7 | $170M | 2 | 5 | #23 | |
| FY2018 | 15 | $251M | 5 | 10 | #15 | |
| FY2017 | 10 | $90.5M | 4 | 4 | #32 | |
| Since FY2012 | 167 | $2.67B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 19 | $578M | $27.8M |
| 223(f) purchase or refinance | 6 | $104M | $14.6M |
| 223(a)(7) streamlined refinance | 1 | $5.3M | $5.3M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (26)
- 130 days median
- Middle half of its loans
- 85-185 days
- 223(f) (6 loans)
- 95 days
- NC/SR (19 loans)
- 136 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-15 | Residences @ Highland · LA | NC/SR | $47.1M |
| 2026-07-30 | Citizen Apartments · AL | 223(f) | $15.2M |
| 2026-06-18 | The Gateway · FL | NC/SR | $62.5M |
| 2026-04-28 | The Boulevard Apartments · LA | 223(f) | $14.0M |
| 2026-04-02 | River Music Apartments · NC | NC/SR | $47.2M |
| 2026-01-07 | The Townes of Hampshire · AL | NC/SR | $27.9M |
| 2025-12-16 | Fairfield Avenue Apartments · FL | NC/SR | $64.2M |
| 2025-10-30 | Villa Broussard I · LA | 223(f) | $10.3M |
| 2025-10-23 | North Village Apartments Phase III · LA | NC/SR | $13.8M |
| 2025-06-27 | Riverside Lofts at Federal City · LA | NC/SR | $7.1M |
| 2025-01-23 | Argento at Three86 · TN | NC/SR | $62.9M |
| 2024-10-30 | Northside Villa Apartments · LA | NC/SR | $3.1M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Fairfield Avenue Apartments · FL | NC/SR | $64.2M |
| Argento at Three86 · TN | NC/SR | $62.9M |
| The Gateway · FL | NC/SR | $62.5M |
| Argento at Riverlights · NC | NC/SR | $60.3M |
| River Music Apartments · NC | NC/SR | $47.2M |
| Residences @ Highland · LA | NC/SR | $47.1M |
| 930 Poydras Apartments · LA | 223(f) | $47.1M |
| Argento on the Broad · NC | NC/SR | $43.1M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Highland Commercial Mortgage as servicer on 107 apartment loans with $1.64 billion of balance and 16,050 units. The median note rate on that book is 3.41%. 78 of the loans carry a rate under 4%. HUD lists the same name as holder of 107 loans.
- 221(d)(4)
- 55 loans
- 223(f)
- 26 loans
- 223(a)(7)
- 24 loans
- 241(a)
- 1 loans
- Other
- 1 loans
Largest servicing states: Alabama (35), Louisiana (34), Florida (8), North Carolina (7), Georgia (6), Mississippi (5).
Other names in HUD's endorsement data that begin the same way (HUD files them separately, and we do not combine them): Highland Mortgage.
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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